Kachala

Kachala

Trade carefully, make wise trade. .............................

Kachala

The EURO has been in a downward spiral against the GBP ever since the start of the pandemic and more so since September 2020. In addition, Europe’s proximity to the invasion of Ukraine, both in geography and economically, has only helped suppress it further as the conflict became more widespread. EURO MAY BOUNCE AS THE UKRAINE CRISIS DE-ESCALATES EATING PIPS 77

Kachala

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Kachala

Look on one hour timeframe then wait for the price retest

Kachala

For AUD/JPY to break above 94.00 and hit fresh year-to-date highs, yields may have to regain some of their recent upside bias, alongside a continuation of the current more risk-friendly flows in equities and commodities. Domestic Australian fundamentals could also be a catalyst for upside; the March labour market report is out during Thursday’s Asia Pacific...

Kachala

“We see the EUR weakening to the 1.06 level in the coming weeks, while a ramp-up in Russian aggression and signs of depressed growth in the bloc (possibly a recession ahead) could see the EUR aim for the ~1.0350 low of early-2017.”

Kachala

The RSI (14) is likely to find resistance near 60.00 amid the broader bearish picture. The shared currency awaits a violation of 126.73 for upside momentum. The EUR/JPY pair has remained in the grip of bears from February 10 after failing to breach its eight-month high at 133.50. The cross has sensed barricades near the trendline placed from the February 10 high...

Kachala

Bullish Flag is complete, trade carefully with patience

Kachala Updated 

Double Bottom was confirmed giving signs of a bullish phase.

Kachala

Summarizing, GBPUSD’s short-term picture is looking increasingly bearish. A convincing break below the 1.3105 barrier would ramp up the negative outlook. Meanwhile, for optimism to return in the pair, the price would need to climb above the 1.3620-1.3661 resistance band but piloting beyond the 1.3834 high, would be necessary to resuscitate bullish prospects.

Kachala

GBP/JPY dropped sharply to 153.34 last week but recovered. Initial bias is neutral this week first. But further decline is expected with 155.48 resistance intact. Fall from 158.04 is seen as the third leg of the corrective pattern from 158.19. Break of 152.88 will target 148.94 support next. However, firm break of 155.48 will dampen this view and turn bias back to...

Kachala

Gold bulls are meeting critical resistance, all eyes on Fed speakers and Russian diplomacy. XAU/USD, was little changed on Friday, but the trend followers are still engaged with traders seeking safe-haven assets. XAU/USD Price Forecast: Technical outlook On Thursday, the non-yielding metal pierced the $1,900 mark for the first time since last June. However, XAU...

Kachala

I think Pound is going to give us Long Positions, Around Technical Analysis, BULLISH PENNANT is formed in 4 Hrs timeframe and it means👉 BULLISH CONTINUATION •Price is in an uptrend. •Could indicate that sellers are losing momentum. •There is a pullback with lower highs and higher lows. •If it breaks the pennant to the upside it could indicate trend continuation. ...

Kachala

Hey traders, we are monitoring AUDUSD for a buying opportunity around 0.717 zone, once we will receive any bullish confirmation the trade will be executed. I see a long-term movement of the pair. First the trend line has been retested for the several times and the AUD index shows a long-term upward price movement. Wait for the break out of the trend line , retest...

Kachala

Hello traders: Last week we have seen some volatility in the market, and looks like due to the current global events that are happening, we could see some strength in the safe haven currency across the market. Of course still follow a plan to enter according to your perspective and view. Here on GBPJPY , we can see price on the lower time frames ( LTF ) has...

Kachala

Price is in Downtrend. There is Pullback with higher highs and higher lows.

Kachala

Selling Opportunity still continuing, Take Profit.

Kachala

The price reached resistance and started a reversal. Expect a drop to support. Perhaps the price will go even lower.